https://www.taxtmi.com/caselaws?id=367204 The Appellate Tribunal found that the sale of shares by Respondents 2 to 6 to Respondent 7 was invalid as proper procedures were not followed, leading to oppression of minority shareholders. Additionally, the sale of the company's immovable property was deemed unauthorized. The Tribunal ordered the appointment of an independent auditor, quashed the transferred shares, declared the sale deed invalid, and directed the appointment of an Administrator to manage the company's affairs. The case was disposed of without costs, with the possibility of winding up the company if necessary. en-us Thu, 12 Jul 2018 00:00:00 +0530 Mon, 17 Sep 2018 07:40:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367204 The Appellate Tribunal found that the sale of shares by Respondents 2 to 6 to Respondent 7 was invalid as proper procedures were not followed, leading to oppression of minority shareholders. Additionally, the sale of the company's immovable property was deemed unauthorized. The Tribunal ordered the appointment of an independent auditor, quashed the transferred shares, declared the sale deed invalid, and directed the appointment of an Administrator to manage the company's affairs. The case was disposed of without costs, with the possibility of winding up the company if necessary. Case-Laws Companies Law Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367204